Washington (March 5, 2003) -- With an unfolding accounting scandal at Dutch food retailer Ahold grabbing headlines, the Public Company Accounting Oversight Board voted unanimously Tuesday in favor of requiring both U.S. and non-domestic accounting firms to register with it, according to published reports.

In its first major regulatory initiative, and still operating without a chairperson after William Webster stepped down, the PCAOB sent the registration rule out for public comment. It will later go before the Securities and Exchange Commission.

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